Sunteck Realty sells 2,000 out 2,476 flats at West World, Naigaon

In yet another indication that the real estate market is starting to revive, Sunteck Realty, a Mumbai-based real estate developer, announced that it has sold 2,000 out of the 2,476 flats in its upcoming West World project in Naigaon near Mumbai.

It said the sales has generated Rs 600 cr, which implies a per unit realization of Rs 30 lakhs.

Naigaon is north of Mira-Bhayander, on the Western Railway line that goes to Gujarat.

It is one of the fastest growing suburbs of Mumbai, partly because it is situated on the Western Line and partly because all the areas ‘before’ the station are more or less saturated with buildings.

The first phase, for which the sales have been booked, will be ready by 2020.